Montgomery County Public Schools Educational Foundation Inc.

“IRS Form 990 and accompanying schedules are prepared in consultation with the Foundation executive director, treasurer and chair. A copy is distributed via email to the entire Board of Directors for their review and comment. The message is sent with the subject line: Notice of Intent to File IRS Form 990 for Fiscal Year 2020. directors are given a deadline by which to provide comments.”

“The Foundation has a written Conflict of Interest policy and a Conflict of Interest Statement is presented to each director annually for review and signature. The signed document is collected and retained on file. Continuation as a director is contingent upon submittal of signed statement.As the Foundation considers programs and initiatives, if there is the potential for a director to be in violation of the Conflict of Interest policy, the Secretary will request written clarification of the circumstances causing concern. The written explanation is then given to the Executive Committee for review and determination of next steps.”

“A committee comprised of Board Officers was formed which discussed the requirements of the position and development of an advertisement. The Chief Operating Officer investigated through the evaluation of 990 IRS forms from other organizations the range of salaries for executive director positions, compiled the findings and reported to the Board. The Board agreed that a salary would be commensurate with the individuals experience.”

“The organization is required to file financial information including this form 990 to register in the State of Maryland as a charitable organization. The State makes available to the public all filed documentation upon request. The Foundation will make available any governance documents to the public upon request. The Foundation is also listed with Guide Star; a listing available without charge through the internet. The Foundations 990 document is available for review.”

“The Foundation ceased serving as the fiduciary for an adult literacy program offered to families with students enrolled in the school district Linkages to Learning program. MCPS determined the program focus on adult literacy was not appropriate for its mission. The Foundation no longer pursues the grant offered by the Montgomery Coalition for Adult Literacy (MCAEL).”